A Quote by Mellody Hobson
In terms of my profession, I'm passionate about financial literacy. I want to live in a financially literate society. I want kids to understand the importance of savings and investing. I want to try to replicate the great savers who came out of the Depression, the best savers the country has ever seen. It's crucial that people understand the importance of financial literacy, because it's actually life saving.
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Financial literacy is not an end in itself, but a step-by-step process. It begins in childhood and continues throughout a person's life all the way to retirement. Instilling the financial-literacy message in children is especially important, because they will carry it for the rest of their lives. The results of the survey are very encouraging, and we want to do our part to make sure all children develop and strengthen their financial-literacy skills.
And I also serve on a caucus that addresses financial literacy for young people in this country. And it is so hypocritical that we want to talk to these kids about how to better manage their money when we are not doing a good job with our Nation's resources.
We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate.
I think people don't understand compound interest because typically no one ever explains it to them and the level of financial literacy in the US is very low.
Many savers are also homeowners; indeed, a family's home may be its most important financial asset. Many savers are working, or would like to be.
When you break finances down in a way that kids can understand, it creates financial literacy that grows with them as they become adults.
Financial service providers act as the lubricating oil in the economy. They link consumers who want to invest their savings for a good return with companies who want to borrow on best terms for expansion.
The Harper Government is committed to ensuring that seniors have the skills they need to make solid financial choices. Seniors today face an increasingly complex financial marketplace, and it will take the combined efforts of public and private sector organizations to help seniors navigate the many financial choices they face. The start of Financial Literacy Month is an excellent opportunity to thank the Canadian Bankers Association and encourage other private sector organizations to take an active role in providing financial literacy support to Canada's seniors.
International Literacy Day is an occasion to celebrate the importance of literacy to individuals, communities and societies everywhere
We don't invest in financial literacy in a meaningful way. We should be teaching elementary school children how to balance a checkbook, how to do basic accounting, why it's important to pay your bills on time. First, education. Begin the learning process as early as possible, in elementary school. Second, encourage and support entrepreneurism. Third, policy. I know it's a priority of the US Treasury to augment financial inclusion and increase financial literacy.
I want other kids to see the joy in reading and literacy and how, if you read about things, they become so much closer, and if you're willing to put in the effort and time and passion, you can really understand them.
What we have to be careful is that if we drop interest rates where the rate of interest is lower than inflation, then savers will not put money in financial savings and move it to gold and real estate, which is bad for India.
If you ask me, over time, I am a believer in the Indian financial saving story getting stronger; a lot more savers are moving money away from gold and real estate into banks, mutual funds, insurance and equities.
I just want my daughter to be respectful and nice to people. I want her to understand the importance of being humble.
Scientific literacy is one of the underpinnings of everything I do. It's why I work with schools. It's why I teach at university. I do a lot of outreach to try and improve general scientific literacy, but the core of all scientific literacy is just literacy.
I really make sure that my girls understand the importance of education. I don't want them to be spoilt and only know private school kids. I want them to behave well by example.
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